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ceo of general electric, jack welsh. here's the tweet you put out this unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and i'm just wondering, i understand the way it works the president gets a heads up on the unemployment number 4:00 the day before and has to keep it to himself. you're saying in your tweet this morning that the news went the other way, the people working for the president somehow got the bureau of labor statistics and played with the numbers so it's down below 8 today. how does it work from your perspective? what happened here? >> all i can talk about are some of the numbers. we had 600,000 government jobs added in the last two months. we had 873,000 jobs by a household survey, which is a total estimate, from 50,000 phone calls. of those 600,000 were temporary workers. chris, these numbers are all a series of assumptions. tons of assumptions. and it just seems somewhat coincidental that the month before the election the numbers go 0.1% below when they were when the president started, although, i don't see anything
on teens with a talent for global giving. >> get up close and personal with singer/songwriter jack skuller. >> that and more, next on "teen kids news." >> welcome to "teen kids news." i'm mwanzaa. >> and i'm siena. we'll start with our top story. >> imagine having to go to the hospital for treatments again and again and again. that's what kids with cancer have to do. as you might think, the visits are anything but fun. but as veronique reports, one hospital came up with a project that's not only unusual -- it's big, very big. >> you've probably heard of art therapy. it's a way to help patients deal with the difficulties of coping with serious illnesses. meet ian. he's an artist who works at the md anderson children's cancer hospital in houston, texas. when you think of doing an art project, you probably think of working on a sheet of paper or on a canvas or maybe even on a wall. but, remember -- this is texas we're talking about. so when ian found out how much one of the patients loved horses, that gave him an idea. he didn't ask her to draw a horse, but to draw on a horse. it was a challe
't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the numbers come from iron fortress, somewhere in the bls. it's absolutely and totally ridiculous to say some how some political people changed the numbers in bls. it makes no sense whatsoever. look i'm friends with jack welch. he's a great guy. i have no idea what he's talking about. this is birtherrest crazy stuff. i don't know how yo
-elected. fudging the facts on jobless numbers for political gain. we talk to jack welch, one of america's all-time great ceos. his tweet launched the controversy. the question tonight, does he stand by it? you'll hear from him in a moment. he was tweeting about september employment data which came out this morning showing the economy adding 114,000 jobs last month, and the jobless rate falling by .3 to 7.8%. that would be the lowest since president obama took office. now, before we get into what jack welch tweeted, here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate as you know this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have ju
. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're gomg back into the work force. >> i think i get the last word. >> i won't allow that to happen and that is why i'm running for a second term of president of the united states. >>> good evening, i'm ezra klein in for lawrence o'donnell. it's 32 days until the election, though we are only 5 days into october, we've already had two october surprises. first, there was president obama's weak debate performance. and then today the jobs report, the second-to-last monthly jobs report to be rele
to jack welch, one of the all time-great c c c c c ceos. he was tweeting about the economy adding 114,000 jobs last month and the jobless rate falling three-tenths of a point to 7.8%. that would be the lowest since president obama took office. here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country has come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate, as you noted this year, has come down very, very slowly, but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign after campa
? this is big news. >>> former general electric ceo jack welch set off a firestorm yesterday sending out this tweet questioning the validity of yesterday's unemployment numbers accusing the administration of changing the numbers. mr. welch appeared on "anderson cooper 360" last night to talk about those allegations. >> i got a tweet out there that i stand by. >> right, but you don't, you don't regret -- >> i can't prove anything that they did anything to anything. >> in your heart you believe they somehow cooked the books? >> i don't really know. but i do know this. these numbers are implausible. >> but, you know, so many politicians these days are saying, you know, michele bachmann will say something that is not correct or not provable and say, look, i'm just asking the question. is it responsible to say, i'm just asking the question, but to say these chicago guys will do anything -- >> should have put the question mark at the end, like i did last night. a question mark would have been better at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not
... 2009...///.some... economisss... called it... &p g--e... cairma jack welch... tweeted../."...these chicago guys will do anything.../ can't debate.../ so change he backed away from that lattr in the day... welch says: "this whole number iismade up of a whole mess of participating,,who's not s working, who's trying to work but has dropped out 160329 all these thingg - 160331 it just raises the question - i think there ought to be a good discussion about how this number is calculated. hilda solis ...angrily - denied the unemployment rate figure... was fudged,.../ offensive. e allegation -3 there's ...no question ...this monthly report -/ the second to last one... released... before the election / - has political president... painted a picture... of an economy ... that... may not be... growing... as fast... as we'd like.../, but ... is... at least... going in... the right direction...///.romney... ssys ...the unemployment... rrte is down - / not.... because... mooe people... are inding work - / but... priia
implication is there. >> i'm going to bring in ali velshi. ali, what do you make of jack welch's tweet, and what do you think tonight? >> anderson, they very troubling. anybody who has asked me in my entire career in america who the best one is, that is jack welch. there are ceos and all sorts of people retweeting what he said. he is absolutely right, there are questions to be asked about the methodology. that household survey that comes up with the unemployment number, i have said in my entire career that people should pay less attention to it. pay attention to hours worked and pay attention to wages and income. that's what touches people. but to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government
fallen than jack welsh, romney support and former ceo of general electric a titan of capitalism. today he traded in his green eye shades for a tin hat and tweeted this . . . >> jennifer: and then just in case you rubbed your guys in disbelief -- he didn't really just say that bureau of labor statistics is cooking the books for president obama would you. then he doubled down on it on tv. >> it just defies the imagination to have a surge larger than -- any surge since 1983 a month before the election. i leave it to you to do all of the analysis. these numbers defy logic. you don't think it is coincidental that we have got the biggest surge since 1983 in the job surge? come on, chris. >> jennifer: jack, jack jack. how the mighty have fallen. they don't like the data, so instead of re-examine mining their ideas, they are conjuring up conspiracies that wouldn't pass the x-files. this nonsense almost isn't even worth a response except unchecked fox news might turn it into, quote unquote, fact. the retail is this the economy is headed in the right direction, and that -- an
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
was on twitter. the former ceo of general electric jack welch, general electric i should say is a minority owner of this company, mr. welch tweeted, quote, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far mo
, jack walsh goes all government conspiracy, but it's simpler than that. it's just government. former cbo director, douglas holtz-eakin, next. lou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a gallon. others shut down because of gasoline shortages. nationally, the price of a gallon is now
cut proposal or not? >> i wonder what jack kemp was thinking, hearing a republican on stated that he want to deny cutting taxes for everyone across the board. it was striking for me to hear a nominee of the gop in 2012 running away from a big tax cut plan. it speaks to two things, the effect of the obama campaign against romney and his tax cut plan, portraying tax cuts for the rich that would blow a hole in the deficit, and secondly, it speaks to a shift in the conservative movement slightly away from tax cuts, to deficit reduction. that is the new focus on the right. spending, that said, and that. romney was making that argument. -- spending, deficit, and debt. >> that was a complete misinterpretations, and i say so with all due respect. >> you do not do all due respect with me. >> hospitality. >> your eating up time. >> they keep interrupting me. >> it is my turn to talk. >> there is a distinction. you overlook the distinction. tax rates and tax revenue. mitt romney is saying it -- how plan the can i make it? we are going to cut rates but we will not reduce the amount of revenue, e
just-- i want to jack in right here okay, jack into him right there, so i can feast on his impotent rage. >> tonight wasn't an msnbc debate was it? it just wasn't. i don't know what was doing out there. i don't know how he let romney get away it with it. they are part of your 47%. you want to-- you don't have any chance, what are you talking about. where was obama tonight! he should watch -- -- with was romney doing, winning. obama should watch msnbc. >> stephen: i'll vote for anything that moves! (laughter) folks, i am not surprised that romney crushed it. because this debate was right in his wheelhouse. soul-crushing. in fact, it was so tedious i think man in the front row fell asleep. (laughter) the first half hour, the first half hour, folks. (applause) the first half hour was an or geoof tax policy minutish-- orgy was tax policy minutia, and they moved on to the intricacies of medicare solvency it was off the hook, in that it would have been more interesting to listen to a dial tone. (laughter) but however wonky it got last night there was no miss tacking that there was a fire
employment surged 873,000, but payroll says only 114,000 people went back to work. even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers. i believe that. they don't do such a thing. there a anomalies. household survey counts self-employed people. a lot of people established home based business. they have been dissipating savings. that doesn't mean they're fully employed. to have 800,000 jobs created that would be 6% gain in employment in one month. that would be 135% rate per year, or some big number like that. that's crazy. on a compounded basis in economy growing only 1 1/2% a year. that's just silly. my feeling it is a lot of folks, home based businesses. pick up a little more here and there but they're not really fully employe
people on both sides of the aisle. jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal cliff, this whammy, this tr
in the latest job report and showing a dip in the unemployment. former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh, yes. pe
. jack welch, the former v. owe of general electric, tweeted this. welch later came on cnn's "anderson cooper 360" and said if he had that tweet to do over again, he would have added one thing. >> so many politicians these days are saying like michele bachmann will say something that factually is nocht correct and they'll say i'm just asking the question. is it responsible to say i'm just asking the question, but to say they'll do anything. >> i should have put the question mark. a question mark would have been better at the back of that. >> so you are kind of backing away -- >> i'm not backing away. >> you wish you could amend your tweet? >> i wish i added a question mark to the back of it. but the same implications. >> to say something like this is like donald trump saying that president obama is not an american citizen without any proof. you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should loo
like barack obama say the numbers were cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. tha
. >> this was an assertion, jimmying with the number, corruption here, infiltration, getting to the -- it's not funny, jack. you're talking about the president of the united states playing with the burp oh of labor statistics numbers. this is nixon stuff. do you want to take back the charge? >> i don't want to take back one word in that tweet. >> joining me now for a close look at the jobs number, and a broiling controversy, chief economist for vice president biden and senior fellow on budget policy and priorities. jared, wow. look at the jobs report first. unemployment standing at 7.8%. non-farm payrolls rose by 114,000. total employment up by 873,000 and the labor force participation rate, that's rising up .1% down to 63.6. >> right. >> give me your grade, your rating of this report? >> this is a good report. it shows some real mow meant numb a couple of important areas. the unemployment rate can come down two ways. a bad way and good way. the bad way, it comes down because people leave the job market. give up looking for work. we actually saw that in august, but in september, that 0.3 decline in the une
will do anything. can't debate, so change numbers. that's ironic coming from jack welsh because g.e. was fined by the fcc $50 million for cooking their books for about a decade. it began under jack welsh puerto rico i cook the books. i assume that they'll be as dirty as i am. >> you're saying that the administration is actively manipulating that data, correct? >> well, absolutely. >> i want to read you one tweet from jack welch who used to run general election. a man who most people would argue knows a bit about how economic data is created. >> i wouldn't put anything past this administration. >> right before a big earnings release. it's all of a sudden hp would have solid 50 times or 100 times more computers or printers literally the day before would you have questioned that a bit. >> oh how convenient that the rate drops for the first time in 43 months, five weeks before the election. >> some people will be very cynical that a government number would come out this great on the eve of the election. >> well, i think it's pretty significant for the first time in nearly four years o
, especially from somebody as prominent as jack welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he had a lousily first debate. that hurts. it's not determinative. the economy's issue number one. this is a boost. it helps change the topic. but it doesn't erase that first debate. the pre
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Search Results 0 to 49 of about 164 (some duplicates have been removed)